200 KAR 30:070. Records retention

      Section 1. (1) A college or university which receives written notification that a student athlete has entered an agent contract or accepted in-kind benefits from an athlete agent shall:

      (a) Record the time and date of receipt of the notification; and

      (b) Maintain the written notification, and the record of time and date of receipt, for a period of five (5) years.

      (2) The records shall be subject to inspection by an authorized agent of the division. (26 Ky.R. 276; Am. 587; eff. 9-16-99.)

Notation

      RELATES TO: KRS 164.684(2), 164.685

      STATUTORY AUTHORITY: KRS 164.681(4)

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 164.684(2) and 164.685 require an athlete agent and student athlete to provide to the college or university in which a student athlete is enrolled written notification of an agent contract or the acceptance of in-kind benefits. This administrative regulation establishes the records retention requirements for a college or university receiving this written notification.